Earnings (loss) per share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings (loss) per share

Earnings (loss) per share

Basic net income (loss) per share was computed on the weighted average number of shares outstanding.  Diluted net income per share was computed under the treasury stock method, assuming the conversion as of the beginning of the period, for all dilutive stock options.  Of the 664 thousand shares and options outstanding at September 30, 2015, 46 thousand were anti-dilutive.  These shares and options have been excluded from the computations of diluted earnings per share for the three and nine months ended September 30, 2015.  Due to the net loss for the three and nine months ended September 30, 2016, no adjustment was made to basic shares, as such adjustment would have been anti-dilutive.  There were no adjustments to net income (loss) for any period.